StockFetcher Forums · General Discussion · Failed double bottom / top<< >>Post Follow-up
mhdeaton
17 posts
msg #127404
Ignore mhdeaton
2/23/2016 12:48:00 PM

Hi guys!

I need a filter that finds double bottoms that penetrated support in an apparent double bottom failure. Probably by a % of some sort. where price has gone below the prior bottom by enough that it appear the DB is failing. Follow me?

Same for a double top failure, thanks!!!

mhdeaton
17 posts
msg #127412
Ignore mhdeaton
2/24/2016 12:02:16 PM

Not possible?

Kevin_in_GA
4,599 posts
msg #127414
Ignore Kevin_in_GA
2/24/2016 12:47:21 PM

This is where having some form of Renko or P&F charting (and corresponding ability to implement in filter code) would be useful. Unfortunately SF does not support these types of graphs or coding.

mhdeaton
17 posts
msg #127419
Ignore mhdeaton
2/25/2016 11:27:17 AM

So can you direct me to something?

mhdeaton
17 posts
msg #127420
Ignore mhdeaton
2/25/2016 11:28:46 AM

How about finding the failed double bottom where price went beyond the prior low?

mhdeaton
17 posts
msg #127421
Ignore mhdeaton
2/25/2016 11:31:22 AM

Sorry for so many posts, for example this scan...

--- >> show stocks where pattern is double-bottom and price is above 3

When does it make the call that its a double bottom, what produces the result?

StockFetcher Forums · General Discussion · Failed double bottom / top<< >>Post Follow-up

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